Scheduled commercial banks to set up 75 digital banks in 75 districts: FM

Finance Minister Nirmala Sitharaman
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Finance Minister Nirmala Sitharaman

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Scheduled commercial banks will set up 75 digital banks in 75 districts to encourage digital payments, Finance Minister Nirmala Sitharaman said on Tuesday.

New Delhi: Scheduled commercial banks will set up 75 digital banks in 75 districts to encourage digital payments, Finance Minister Nirmala Sitharaman said on Tuesday.

Presenting the Union Budget 2022-23, she also said e-passports with the embedded chip will be rolled out. Further, the finance minister said data exchange among all-mode operators will be brought on a unified logistics interface platform to enable efficient movement of goods.

A high-level panel to be set up for urban planning, Sitharaman said, adding the next phase of ease of doing business and ease of living will be launched.

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